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United States & Canada Unit 1 – Economic Characteristics What are some of the major exports of the US? (Machinery, Electronics, Oil) Technology/Information Systems Foodstuff US & Canada have highly developed infrastructures. What is INFRASTRUCTURE? Basic structures needed to operate a society… buildings, roads, bridges, dams, electrical system, water system, etc. US & Canada have highly diversified economies. What does that mean? They have many different sources of income. US & Canada have a rich supply of resources. What are some examples? Mineral Resources Energy Resources Forest Resources What does NAFTA stand for? Which countries does it include? North American Free Trade Agreement Canada, United States, Mexico What is a MULTINATIONAL CORPORATION? A company that operates in multiple countries such as Microsoft, SAS, NetApp, Google & FedEx The US is know as a center of WORLD FINANCIAL MARKETS. Give an example of one major financial center in the US. New York Stock Exchange (New York) NASDAQ (New York) TMX Group (Toronto) The US and Canada have experienced SUSTAINED ECONOMIC GROWTH. What does that mean? Their economies are stable over time and continue to gain strength. That means the GDP is growing. Due to technology, there is a growing EXPORT of US CULTURE in the global marketplace. Give some examples. McDonald’s Coca-Cola Music Blue Jeans